Sitoy Group Holdings Limited (HK:1023) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Sitoy Group Holdings Limited has announced the early termination of its distribution and trademark license agreement with Cole Haan International, which will take effect from November 30, 2024. The decision comes after the Cole Haan business reported significant losses over the past few years, prompting Sitoy to reallocate resources to its self-owned retail brands, especially online. This move is expected to result in a substantial one-off loss for the group in the latter half of 2024.
For further insights into HK:1023 stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- Netflix Wins Shareholder Lawsuit Alleging Misleading Growth Forecasts
- OpenAI’s Text-Video Generator Sora Leaked by Artists in Protest
- Palantir Gets New Street-High Price Target from Analysts on Nasdaq Shift
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
